Bulletin

Economist: Oct PPI data not as bad as headline suggests

WASHINGTON (CBS.MW) -- Inflation is not as strong as the 1.7 percent headline increase in the October PPI suggests, said Robert Brusca, chief economist at FAO Economics. "It is a bad headline and a bad core, but when you look at the part that pertains to consumer goods, it is not so bad," he said. The core PPI index for consumer good rose 0.2 percent in October. So most of the increase in the PPI came from capital goods, he said. The lower dollar may be allowing exporters to raise prices, he said. "World-wide energy prices have flattened out and that may encourage the Fed to see this as something that is temporary," he said.

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